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Ed. notice: Welcome to our each day function, Quote of the Day.
For a UK legislation agency to do that in a market, the place it’s simply tougher to earn money, that’s a hell of an announcement. It’s going to value them.
They don’t actually need to do that. It could possibly solely actually be for status.
— Scott Gibson, director of London-based authorized consultancy Edwards Gibson, in feedback given to Bloomberg Law, regarding Linklaters’ choice to institute a 20% wage improve for newly certified attorneys within the UK, driving pay as much as £150,000 ($188,000), from £125,000 ($157,000). Freshfields made an analogous wage transfer for NQ attorneys earlier this month. Ria Karnik, a London-based authorized recruiter for Main, Lindsey & Africa, stated that Linklaters and Freshfields are making “daring transfer[s],” and that it’s “affordable to count on the opposite Magic Circle companies to observe go well with.”
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You’ll be able to observe her on X/Twitter and Threads or join together with her on LinkedIn.
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